Latest news with #Truck&BusRadial
Business Upturn
5 days ago
- Business
- Business Upturn
CLSA sees margin upcycle for Ceat, maintains ‘Outperform' call with Rs 3,933 target price
By Markets Desk Published on June 4, 2025, 07:59 IST CLSA has reiterated its Outperform rating on Ceat with a target price of ₹3,933, citing positive near-term drivers including margin revival and the strategic Camso acquisition. The brokerage said that Camso integration and an overall margin revival are key focus areas for the company in the near term. Ceat also expects to gain market share in the high-value TBR (Truck & Bus Radial) replacement market. The Camso deal, now completed, carries a $1.2 billion revenue potential over the next three years, according to CLSA. In addition, Ceat is currently in a margin upcycle, benefiting from the softening of raw material prices, which should contribute 200–300 basis points of margin expansion in FY26. CLSA believes the combination of a stronger product mix, synergy gains from Camso, and improving margins positions Ceat well for sustained outperformance in the coming quarters. Disclaimer: The views and target prices mentioned in this article are as stated by CLSA. They do not represent the opinions or recommendations of this publication. Readers are advised to consult their financial advisors before making any investment decisions. Markets Desk at
Time of India
7 days ago
- Automotive
- Time of India
Continental Tires announces exit from from this key tyre segment in India: Details
Continental Tires has announced a significant shift in its India operations, with plans to discontinue one of its product categories as part of a strategic realignment. The global tyre major will now concentrate solely on strengthening its Passenger Car and Light Truck tyre segment in the country. Tired of too many ads? go ad free now As a result, the company has decided to shut its Truck & Bus Radial tyre business in the country, which includes its dedicated production line for the category at its Modipuram facility in Meerut, Uttar Pradesh. The decision follows an internal review of business operations in India, prompted by growing cost pressures and market sensitivity in the TBR segment. The company has decided to narrow its focus to the PLT segment, which it considers more viable for long-term growth. The move is part of Continental's efforts to focus on sustainable growth areas and respond to evolving market conditions and customer demands in India, a statement from the company explained. The shift in strategy is about securing future-ready operations in India. This realignment allows us to better serve the growing demand for high-quality passenger and light truck tyres, the company said. Volkswagen Golf GTI first drive review: Fast, Fun, Flawless? | TOI Auto Continental has assured support for employees impacted by the transition. Measures include career counselling, internal and external job placement opportunities, and voluntary separation schemes. Despite winding down this business line, India remains a critical growth market for Continental in the region. The company continues its PLT tyre manufacturing at Modipuram and recently expanded its presence with an IT hub in Bengaluru . Sales and distribution operations remain headquartered in Faridabad, Haryana. Stay tuned to TOI Auto for latest updates on the automotive sector and do follow us on our social media handles on Facebook, Instagram and X.
